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Calvin is looking at leasing a car. Compute the interest rate on the lease given the other information in the table below. Your answer should

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Calvin is looking at leasing a car. Compute the interest rate on the lease given the other information in the table below. Your answer should be given as a percent and be accurate to at least 2 decimal places. Note: The interest rate is the annual rate with monthly compounding. Purchase Price Down Monthly Payment Payment $6,000 $1,058.31 Interest Rate Term (months) Residual Value $45,800 0.00% 24 $17,963.67

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